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Data table (Click on the following icon in order to copy its contents into a spreadsheet.) See Table 2.5. Showing tnancial statement data and stock
Data table (Click on the following icon in order to copy its contents into a spreadsheet.) See Table 2.5. Showing tnancial statement data and stock price data for Mydeco Corp. Suppose Mydeco had purchased additional equipment for $12.0 millon at the end of 2020 , and this equipment was depreciated by $4,0 mallon per year in 2021, 2022, and 2023. Given Mydeco's tax rato of 35%, what impact would this additonal purchase have had on Mydeco's net income in years 2020 to 2023 ? (Assume the equipment is paid for out of cash and that Mydeco eams no interest on its cash balances.) Calculato the new net income below. (Round to one decimal place) )
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